News

Finxact CEO Frank Sanchez is a veteran of financial technology and his new venture aims to help legacy institutions update their core banking systems With a lifetime of financial technology experience under his belt, Frank Sanchez has embarked on a...

US-based money transfer firm MoneyGram has partnered with Vietnam-based HDBank to launch the home remittance payment service in Vietnam. HDBank believes that the new partnership will improve its service quality, adding to its customers’ experience. Bringing home delivery option, through HDBank,...

Aetna, the insurance business of American retail pharmacy chain CVS Health, has signed a four-year reinsurance arrangement with Vitality Re X. The arrangement will enable CVS Health to slash its required capital and offer $200m of collateralised excess of loss...

Visa and Billtrust  announced that J.P. Morgan will utilize Billtrust’s Business Payments Network (BPN), streamlining the delivery of electronic B2B payments for J.P. Morgan Commercial Card clients. Participating clients will now be able to utilize BPN’s connected platform of...

The grant is one of four from Pool C of the £425m Capability and Innovation Fund (CIF), that forms part of a £775 million package administered by Banking Competition Remedies Ltd. Atom, which has already lent in excess of...

Mastercard announced it has entered into an agreement to acquire the majority of the Corporate Services businesses of Nets, a leading European PayTech company, for €2.85 billion (approximately US$3.19 billion). The acquisition comprises the clearing and instant payment services, and...

In a challenging environment, Rabobank has made progress on achieving most of its strategic objectives in the first six months of the year. Net profit for the first half-year was EUR 1.2 billion. From the Chairman of the Managing Board,...